Using appropriate theories critically analyse the role of culture in International Business. Support your answer by quoting relevant examples from the case study. The reasons behind the failure of Walmart in Germany. Major issue was culture-related issues with country. Firstly, some of the American employee management practices just didn’t fit in the German context.
I would argue that Wal-Mart’s employment practices are immoral based on different philosophies which are utilitarianism and justice. Utilitarianism seeks the greatest good for the greatest number of people. The “good” here can be referring to “happiness” (Fraedrich, 2013). Based on utilitarianism, Wal-Mart’s ethical standard is immoral as the consequences failed to benefit the employees. Although by underpaying the employees, the stakeholders would gain more profits, however it has resulted in significant unhappiness among the majority of the employees.
' The main aim for the firm is to stay as the UK 's leading supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. Their objectives are to maximise sales which will increase their profits. They want to decrease their prices to make shopping cheaper for the average household. They want to introduce healthier products which will attract more customers and they want to help reduce food waste worldwide and guaranteeing surplus food goes to those in need. Brockenhurst college has many community values *********** Tesco is a public limited company (PLC) which means the public can buy shares in the firm.
In terms of earnings it 's the third biggest retailer in the world and when it is considered by revenue it stands in the fifth place in the world. It has its stores across Asia and Europe. The main object of Tesco is to create customers with their loyalty and give life time value services .They stand as a modern and innovative organization which would handle changes in the market and adapt themselves to the current circumstances accordingly. This statement covers all the topics
This has helped Walmart to become a dominant retailer in the global arena. With the rapid increase and evolving of technology Walmart continues to focus on innovative processes and systems to improve its supply chain and achieve greater efficiency. Conclusion The evolution of Walmart’s supply chain includes three elements, according to an Arkansas Business article: distribution practices, operating its own fleet of trucks and technology. Benefits from its supply chain efficiency result in time savings, more cost-effective inventory management and improved product forecasting. Walmart demonstrates the complementary use of lean and agile design principles hand in hand when designing a supply chain that is highly efficient while Walmart uses inventory optimization and transportation optimization processes to reduce the costs (lean), it also uses cross-docking to actively respond to the latest store demand (agile).
Abstract To succeed, companies like Wal-Mart must deal responsibly with employees, suppliers, customers, competitors, governments, and the general public. The two key concepts of this responsibility are ethics and social responsibility. If your company’s core business isn’t grounded in sound values, such as integrity, respect, trust, and fairness, you’ll be exposed to ethical decisions that could lead to fraudulent, discriminatory, even illegal activities. Ethics and social responsibility are the standards that govern action and decisions in the work environment. Therefore, ethics should not get in the way of success in sales.
I feel that if the Wal-Mart upper-management followed the code of conduct that they set forth in their organization mission, vision and values, they will would have never cross the line in unethical behavior. For an organization to be successful their must be trust. Companies earned their credibility through honesty and integrity. It is easy for an organization to say what they are all about or what that are going to do, but Wal-Mart prove to be wrong. It all start with leadership, they should have lead by
Another cons about Walmart is that it’s been too diverse. They invested so much companies throughout other countries such as Mexico, Brazil, United Kingdom, and China. These attributes all have pros and cons due to the fact that it’s in a different country. It is true that the economy is increasing by every second, but also problems are easy to see throughout the
They evaluated the worth of each job in terms of its skills, knowledge, responsibility or duties required and converted into an hourly, daily, weekly, or monthly wage rate. It significantly affects employee productivity and the achievement of organizational goals. Similar to Walmart’s mission statement “We save people money so they can live better. ", its human resource management approaches for
(Lawler, E. E. (2014) The company’s goal is to achieve a high position in the retail industry with its known vision statement “To be the best in the hearts and minds of consumers and employees”. One of the strategic objectives of Wal-Mart were to keep the cost of the product low, and spending on other areas of the business. Another strategic objective of Walmart is to attain economies of scale to support the cost-leadership. “U.S. Department of Commerce (2017).